Banking & Insurance
Insurance penetration diminish further in data cited by Sun Life Grepa
The country's insurance penetration rate, defined as premium written as percent of local output growth or the gross domestic product (GDP), diminished further in 2023 to only 1.68 percent from 1.81 percent in 2023.
BSP declares stamped dollar notes as exchangeable currency bogus information
The Bangko Sentral ng Pilipinas (BSP) informs the public that it has not issued any directive that US Dollar “notes with stamps (money changer)...
RCBC Wealth named PH’s Best for Succession Planning
Rizal Commercial Banking Corp. (RCBC) has been named as the Philippines' Best for Succession Planning in Euromoney’s Private Banking Awards.
Through RCBC Wealth’s comprehensive approach to succession...
Business chiefs ask Malacanang to suspend Philhealth contribution hike
Business leaders petition the Marcos administration to suspend the increase in contribution to the Philippine Health Insurance Corporation (Philhealth) indefinitely until complaints against the...
February foreign currency reserves settles at USD102.7B
The country’s gross international reserves (GIR), based on preliminary data, settled at USD102.7 billion as of end-February 2024 from the end-January 2024 level of USD103.3 billion.
